FX:GBPUSD   British Pound/U.S. Dollar
233 2 6
Cable needs a pull back to knock out the daily highs before heading lower. This will suck in a lot who will think we are at the bottom.
DJC
11 months ago
The recurring nature would suggest this is likely.. however Cable is very weak at the moment and seeking weekly / monthly liquidity below quite rapidly.

Cable Analysis December 15th
Reply
fxmillions
11 months ago
Interesting enough, forecast is a long none the less. :)
I dont think GU is at the bottom. But as per the correction formation, I will look for the next C wave up. Only difference is that I expect the C wave to go higher the last high (highest C marked in the chart below.) So I do agree with your direction. Thanks
GBPUSD - correction structure - ZigZag  and Triple three combo
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out